Clearbridge Investments LLC Purchases 2,206 Shares of Chubb Limited $CB

Clearbridge Investments LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,843 shares of the financial services provider’s stock after acquiring an additional 2,206 shares during the period. Clearbridge Investments LLC’s holdings in Chubb were worth $28,978,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Berkshire Hathaway Inc grew its position in Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares during the period. Norges Bank bought a new stake in Chubb in the 4th quarter worth approximately $1,081,190,000. AQR Capital Management LLC grew its position in Chubb by 75.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after purchasing an additional 1,199,963 shares during the period. Woodline Partners LP bought a new stake in Chubb in the 3rd quarter worth approximately $220,217,000. Finally, Amundi grew its position in Chubb by 55.4% in the 3rd quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock worth $557,493,000 after purchasing an additional 693,740 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.9%

Shares of Chubb stock opened at $324.86 on Wednesday. The company’s fifty day simple moving average is $324.76 and its 200-day simple moving average is $318.43. The stock has a market capitalization of $126.00 billion, a PE ratio of 11.47, a P/E/G ratio of 1.64 and a beta of 0.41. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, equities analysts anticipate that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a dividend of $1.02 per share. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, June 12th. Chubb’s payout ratio is 13.70%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wolfe Research lifted their target price on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Citizens Jmp lifted their target price on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, April 27th. Evercore lifted their price target on shares of Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Piper Sandler lifted their price target on shares of Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.43.

Insider Transactions at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by company insiders.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.